2% profit mean Rs. 20 obtained on RS
a) 80
b loo
c 120
d 20
Answers
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i can't understand question
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Given,
Profit percentage = 2%
Profit amount = Rs. 20
To find,
The value of total money.
Solution,
We can simply solve this mathematical problem by using the following mathematical process.
Let, the value of the total money = Rs. x
Profit amount = x × 2/100 = Rs. x/50
According to the data mentioned in the question,
x/50 = 20
x = 1000
(This value of total money is equivalent to produce Rs. 20 as a profit of 2%)
Hence, 2% profit means Rs. 20 is obtained on Rs. 1000
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